Circle and OKX have partnered to streamline USDC conversions and improve liquidity, giving over 60 million users seamless access to USD-to-USDC swaps and simplifying on- and off-ramping. USDC Goes Global: Circle and OKX Simplify Fiat Conversions for 60 Million Users Circle Internet Group (NYSE: CRCL) and crypto exchange, OKX, have announced a strategic partnership to […]

Circle and OKX Join Forces to Boost USDC Liquidity for 60 Million Users

YZi Labs, formerly Binance Labs, has thrown its support behind the launch of a 
new digital asset treasury firm focused entirely on BNB. The initiative, 
announced by YZi Labs in a July 9 press release, will operate under the name…

YZi Labs backs launch of BNB treasury company eyeing U.S. IPO

Monad Foundation has acquired Portal Labs, the stablecoin wallet 
infrastructure startup, in a move to strengthen its payments offering ahead of 
Monad’s upcoming mainnet launch. The acquisition was announced in a July 9 
press release via Business Wire. Portal, which…

Monad acquires Portal Labs to expand stablecoin payment capabilities

Akave has launched a decentralized storage network called Akave Cloud on a 
dedicated Avalanche Layer 1 blockchain. This platform is designed to meet the 
needs of decentralized artificial intelligence (AI), decentralized physical 
infrastructure networks, and compliance-focused software as a service. 
Redefining Cloud Storage with Onchain Logic A decentralized storage network, 
Akave, has deployed its decentralized […]

Akave Cloud Launches Decentralized Data Layer on Avalanche L1

Solana started a fresh increase above the $155 zone. SOL price is now 
consolidating gains and might struggle to rise above the $160 resistance. SOL 
price started a fresh upward move above the $150 and $155 levels against the 
US Dollar. The price is now trading above $152 and the 100-hourly simple 
moving average. There is a key bullish trend line forming with support at $155 
on the hourly chart of the SOL/USD pair (data source from Kraken). The pair 
could start a fresh increase if it clears the $160 resistance zone. Solana 
Price Aims Higher Solana price started a decent increase after it cleared the 
$152 resistance, like Bitcoin and Ethereum. SOL climbed above the $155 level 
to enter a short-term positive zone. However, the price is facing a major 
hurdle at $160 and $162. A high is formed at $159.24 and the price is now 
consolidating gains above the 23.6% Fib retracement level of the upward move 
from the $148 swing low to the $160 high. Solana is now trading above $155 and 
the 100-hourly simple moving average. There is also a key bullish trend line 
forming with support at $155 on the hourly chart of the SOL/USD pair. On the 
upside, the price is facing resistance near the $160 level. The next major 
resistance is near the $162 level. The main resistance could be $165. A 
successful close above the $165 resistance zone could set the pace for another 
steady increase. The next key resistance is $178. Any more gains might send 
the price toward the $185 level. Another Decline in SOL? If SOL fails to rise 
above the $160 resistance, it could start another decline. Initial support on 
the downside is near the $155 zone and the trend line. The first major support 
is near the $152 level or the 61.8% Fib retracement level of the upward move 
from the $148 swing low to the $160 high. A break below the $152 level might 
send the price toward the $145 zone. If there is a close below the $145 
support, the price could decline toward the $136 support in the near term. 
Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the 
bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD 
is above the 50 level. Major Support Levels – $155 and $152. Major Resistance 
Levels – $160 and $162.

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Bitcoin continues to hover just below its previous all-time high, 
consolidating around the $109,000 mark despite a modest 1.9% gain over the 
past day. The asset reached a 7-day high of $110,307 but has yet to reclaim 
the historic high of $111,814, a level set back in May. While short-term price 
action remains within a tight range, on-chain data reveals deeper structural 
developments that could shape Bitcoin’s trajectory in the weeks ahead. As 
attention focuses on Bitcoin&#8217;s potential for a breakout, some analysts are 
turning to supply dynamics for clues. One notable observation comes from 
CryptoQuant contributor Chairman Lee, who has identified a significant 
reduction in BTC held on centralized exchanges. This trend may serve as a key 
indicator of future price behavior, especially in the context of institutional 
demand and exchange activity. Related Reading: Last Time This Happened, 
Bitcoin Jumped $50,000—Is History Repeating? Bitcoin Exchange Reserves Drop to 
Multi-Year Lows Chairman Lee’s analysis highlights a continued decline in 
exchange-held Bitcoin, with reserves falling to a multi-year low of 2.4 
million BTC. This figure is down from over 3.1 million BTC reported in 
mid-2023. The consistent drawdown in exchange balances is interpreted as a 
signal that selling pressure is decreasing, which historically has preceded 
price expansions. According to Lee, “This persistent decline in reserve levels 
suggests that sell-side liquidity is drying up… Historically, such 
conditions—where BTC held on exchanges is low—precede major bullish expansions 
as demand exceeds supply.” In past market cycles, including the 2020–2021 bull 
run, similar drops in exchange reserves were followed by sharp upward 
movements in Bitcoin’s price. The logic is based on basic supply-demand 
mechanics: when available BTC becomes scarce on exchanges, any increase in 
demand, particularly from ETFs or institutional buyers, can lead to 
accelerated price growth. Lee emphasizes that this current trend could act as 
a foundational tailwind, potentially supporting further gains if current 
demand patterns remain in place. Binance Dominates Whale Transaction Flows 
Another piece of the market structure puzzle comes from CryptoQuant analyst 
Crazzyblockk, who examined large-scale BTC transactions across major 
centralized exchanges. According to his report, Binance has maintained its 
position as the dominant venue for Bitcoin whale activity. Whale flows are 
defined in this context as daily inflows or outflows exceeding 1,000 BTC. 
Binance has recorded cumulative whale inflows of 31.36 million BTC and 
outflows of 30.82 million BTC, along with 53.2 million whale transactions, 
significantly more than any other exchange. Notably, these numbers do not 
reflect unique BTC, but rather total flow volumes that include repeated 
movements of the same coins. High transaction volumes suggest Binance is 
favored for its liquidity and infrastructure, allowing whales to engage in 
trading, custody shifts, and arbitrage with minimal friction. Related Reading: 
Bitcoin &amp; Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing? 
The data also places HTX Global and Kraken in the second and third positions, 
respectively, for whale inflows, though their volumes are substantially lower 
than Binance’s. Featured image created with DALL-E, Chart from TradingView